Paul Krugman: Capital creates recessions
I see that Paul Krugman has moved into yet another economic dimension in which he declares that capital creates layoffs and layoffs are responsible for…layoffs. He writes: …the fact is that running More...
Paul Krugman: Government debt is no burden because ‘we owe it to ourselves’
In his latest missive, “Nobody Understands Debt,” Paul Krugman proves that he does not know debt, or at least government debt, either. While there is much to dislike in the column, I am going to deal More...
Paul Krugman condemns himself
Paul Krugman wants us to believe that he first looks at the situation, and then tries to determine what theory would apply to it (or make up a new theory). He, dear reader, never comes into a situation with preconceived More...
Paul Krugman: Economic efficiency makes us poorer
Several years ago, I wrote that Paul Krugman really is not an economist, but rather is a political operative, and he has done his level best since then to prove my point. He does it again in his latest column. According More...
Keynes was and always will be wrong
Here we go again. Paul Krugman not only attacks the Law of Cause and Effect (substituting Effect for Cause), but also manages to fracture history a bit. However, given that he has claimed that Ronald Reagan was More...
Paul Krugman’s toxic environmentalism
Over the past several years, Paul Krugman has become extremely predictable in his columns. First, the mantra is, “Democrats good, Republicans bad,” as though a decorated academic economist should have More...
Well, Hayek DID win a Nobel Prize
Paul Krugman has announced it: Hayek is not important, and his views have been “discredited,” although he did win the Nobel in 1974 for those “discredited” views. Now, Krugman did not mention More...
Krugmanomics: Partisanship – Wise Democrats vs Evil Republicans
In his most recent column, Paul Krugman demonstrates once again that he is first and foremost a political operative, or, more accurately, a political hack. Despite the fact that he is a highly-decorated and feted More...
Yes, Paul Krugman, maybe we should have Singapore’s tax rates
In calling for higher taxes, Paul Krugman now is trying to claim that if the U.S. Government increases taxes on some people, that will help lead us out of the depression. Now, it would be the first time in human More...
Paul Krugman tops MRC list for Worst Reporting Quote of the Year
Media Research Center released their “twenty-fourth annual awards for the year’s worst reporting.” A panel of 48 radio talk show hosts, magazine editors, columnists, editorial writers, and expert More...
Drowning in Keynesian fallacies
Whenever a Keynesian, be it Paul Krugman or even the original Keynesian, try to “refute” Say’s Law, they generally create a caricature or straw man, and then refute that instead of dealing with More...
Keynesians: Fight the collapse of the bubbles by creating bigger bubbles
In 2002, Paul Krugman made his infamous statement: To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul More...
Paul Krugman’s overly ‘sunny’ view of solar power
Despite the many failures of the planned socialist economy, it always seems as though the American academic elites believe that THEY can make a go of it. Thus, the Really Serious People (to take a term from Krugman) More...
Washington DC is The REAL Oligarchy
Back from Iceland, Paul Krugman now takes on what he calls the Oligarchy, but as usual, he points his guns in the wrong direction. According to Krugman, we have huge amounts of income inequality that is destroying More...
Can we “save” the euro through inflation and outright financial fraud? Good luck!
It has come to this: all we need is a bit more time to sort out the financial mess that now engulfs Europe (and, by proxy, the United States). In the meantime, the Federal Reserve System, the European Central Bank, More...
The lure of inflation – Krugman in Wonderland
In a couple of blog posts this week, Paul Krugman has heaped praise upon that phenomenon known as inflation, claiming, among other things, that the euro could be successful only if it is inflated enough. Since More...
A couple of Krugman howlers – Krugman in Wonderland
Every once in a while, Paul Krugman gives us the Ultimate Howlers, and now he seems to have eaten his Wheaties. First, on Social Security, he says this: I’ve written about this repeatedly in the past, but here More...
Do regulations always work as the authors claim?
One of the most enduring of Holy Doctrines from the Progressive Era is that “experts” employed by the government are wise and discerning, and new regulations, be they for finance or the environment, More...
Icelandic Airhead Economics – Krugman in Wonderland
Update: Krugman’s latest column continues the same narrative: (1) financial deregulation causes all of our problems, (2) inflation is the answer, and (3) despite massive inflation, which has slashed real More...
Considering the source – War good for economy?
It is an exciting day for Paul Krugman! His views have been endorsed by David Frum, who according to the Great One, has “wandered off the conservative reservation.” That Krugman would go ga-ga over More...
